City Academy

Analysis

City Academy is a registered charity in United States, based in Salt Lake Cty, UT. It received its IRS tax-exemption ruling in March 2000, 26 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, City Academy reported income of $2.5m and spending of $2.5m, spending 99% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $2.0m to $2.5m (+26%), an average of +4.8% a year. The sharpest change came in the year to June 2022, when income rose by 18%. Over the whole period it spent 100% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, City Academy sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 86th percentile within UT. Charities of a similar size with the same main cause include Wilson Christian Academy ($2.5m), Resource Area for Teaching ($2.5m) and Consortium for Hawaii Ecological Engineering Education ($2.5m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 98% and program service revenue 0.7% of the total. Compensation of current officers, directors and key employees was $60k (2.4% of expenses). Other salaries and wages came to $1.5m. At year end it held assets of $1.3m against liabilities of $1.3m, net assets of $14k. It reported 41 employees.